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They need to stop reporting quarterly with blue chips. These guys are a couple of years from shutting down. Who the heck uses Snap? He should’ve taken the offer
by lvl102 4y ago
They need to stop reporting quarterly with blue chips. These guys are a couple of years from shutting down. Who the heck uses Snap? He should’ve taken the offer from Zuck and Meta stocks before the pandemic run up.
- willio58 4y agoSnapchat is currently #17 of all free apps in the US. I see it much higher sometimes. If you don’t like the app, I get it. But let’s not pretend Snapchat is dead or something.
- psswrd12345 4y agoRanking top 20 of free apps in US is hardly a barometer of future potential of a company that has never exhibited an ability to return steady profit to shareholders, and hardly bodes well for their future growth prospects.
- kortilla 4y agoThat has nothing to do with the question “Who uses Snap?”
- psswrd12345 4y agoThis thread is about SNAP's financial results, and SNAP's valuation has long been dependent on future growth prospects. Ranking within the top 20 is not a good sign to that end, especially given how SNAP managed to lose $1.5B in the last year and has not put forward any credible plan on how they might make a sustainable return for shareholders.
- kortilla 4y agoNo, the thread you replied to started with the question I quoted.
- chadd 4y ago375 million people use it every day, up 17% year over year... so a lot of people...
- rednerrus 4y agoIf they can't turn that into revenue, DAU doesn't matter.
- __derek__ 4y ago> He should’ve taken the offer from Zuck and Meta stocks before the pandemic run up. SNAP has outperformed FB/META basically every period since Q1 2018, though. If anything, the time to sell out was after the pandemic run-up, in Q3/Q4 2021: SNAP had gained ~365% since the beginning of 2020 versus ~85% for FB/META.
- zeroonetwothree 4y agoSNAP is currently at its lowest price since March 2019. Coincidentally, META is at its lowest price since Jan 2019. So I guess let's call it a wash?
- boshalfoshal 4y agoAh yes, the "I'm not the target audience and I don't use this product, so no one else uses it" argument. I do agree with you though that social media is more about being "flavor of the month" and riding popular trends. In that sense, I think one trick social media companies are very risky. However, Snap has enough inertia to last for some time.